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National market update

June Exiting Home Sales Slip BUT Prices Continue to Roll at Double Digit Rates

WASHINGTON (July 22, 2013) – Existing-home sales declined in June but have stayed well above year-ago levels for the past two years, while the median price shows seven straight months of double-digit year-over-year increases, according to the National Association of Realtors®.
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Homeowners Surge, Investors Slump

Steve Cook shares results in the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Steve says findings report "Current homeowners are providing much of the buying power currently driving the housing market, while investors are continuing to lose steam in the face of rapidly escalating home prices".Read more

National housing indicators

Existing home sales ()

5.08 million units*

Existing home median price ()

$214,200

Housing Starts ()

836,000 units*

New home sales ()

National economic indicators

Home ownership

1st Qrt 13

65.0%

1st Qrt 12

65.4%

The homeownership rate in the first quarter 2013 (65.0 percent) was lower than the first quarter 2012 rate (65.4 percent). The homeownership rate in the South was lower than the corresponding first quarter 2012 rate, while the rates in the Northeast, Midwest, and West were not statistically different from the rates a year ago.

New home sales

Jun 13

+8.3%

May 13

+1.3%

Sales of new single-family houses in June 2013 were at a seasonally adjusted annual rate of 497,000. This is 8.3 percent (+/- 20.5%)* above the revised May 2013 estimate of 459,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Local Sales & Price Activity

Eric Cuevas

Home Ownership matters…to people, to communities, and to America. Why? • For every two homes sold, one job is created in the U.S. • Each purchase generates as much as $60,000 in economic activity over time. Read more

Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. Read more

Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

Consumer tips & hot properties

How to Negotiate the Best Real Estate Deal

Negotiation is a complex matter and all transactions are unique. How do you develop a strong bargaining position, one which will help you get the most from a transaction? There are five basic keys which will determine who wins at the negotiating table.Read more

Should You Buy a Used Home Instead of a New Home

As you embark on buying a home, one of the first decisions is whether to buy a new home or a "used” one. Each choice has its advantages, and there is no single answer that works for everyone.
Read more

Home Owner Misperceptions About Flood Insurance

Many Americans think their home owners insurance policy covers them for floods, when in fact, you have to buy a separate flood insurance policy to be covered.Read more

Tips for Staging Kitchens and Bathrooms When Selling

For buyers, a clean, modern, well-laid-out kitchen is a major feature. Bathrooms are also a consideration, because they contribute to overall happiness in living in the home.
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Moving Day Guide and Checklist

Keep moving day from becoming overwhelming by knowing what you need to get done — and in what order. This guide will help to put your mind at ease when the big moving day arrives.Read more

Housing Trends eNewsletter is filled with U.S. Census Bureau key market indicators, consumer videos, blogs, a real estate glossary, mortgage rates and calculators, consumer articles, real estate radio, realtor.com® local community reports and local and national real estate sales and price activity provided by local MLSs and the National Association of REALTORS®.

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